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Sports Print edition: 2023-11-04

Saudi Arabia eyes stake in $30bn Indian Premier League

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By Reuters

RIYADH: Saudi Arabia has expressed interest in buying a multibillion-dollar stake in the Indian Premier League (IPL), the world’s richest cricket league, Bloomberg News reported on Friday, citing people familiar with the matter.

Saudi Arabian Crown Prince Mohammed bin Salman’s advisers have spoken to Indian government officials about moving the IPL into a holding company valued at as much as $30 billion, the report said.

The talks were held when the crown prince visited India in September, the report said, adding that the kingdom proposed investing as much as $5 billion into the league and help lead an expansion into other countries.

India Saudi Arabia IPL KSA Indian Premier League MBS Cricket League

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PT Nov 04, 2023 11:24am
A highly inflated value...controlled by Indian fixing mafia! And ICC cannot do anything!
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